Tax & money
15 tax deductions every freelancer should track
The single biggest tax mistake freelancers make is not missing a deduction — it's not having a receipt to back it up. Below are the categories that most often get left on the table, plus a simple system for keeping proof so you can claim them with confidence.
This is general information, not tax advice. Rules vary by country and situation — confirm with a local accountant before you file.
15 commonly missed deductions
- Software subscriptions — design tools, accounting, project management, AI assistants.
- Cloud storage and hosting — Google Workspace, Dropbox, web hosting.
- Hardware — laptop, phone, monitor, camera (often depreciated, not expensed).
- Home office — a proportion of rent, electricity, internet (if a dedicated workspace).
- Phone and internet — the work-use portion.
- Travel between client sites — mileage, public transport, parking.
- Co-working memberships — day passes count too.
- Education — courses, books, conference tickets directly related to your work.
- Professional services — accountant, lawyer, virtual assistant.
- Bank fees and payment processor fees — Stripe, PayPal, FX charges.
- Insurance — professional indemnity, equipment, public liability.
- Marketing — domain names, ads, business cards, portfolio site.
- Industry memberships — guilds, unions, professional associations.
- Stock assets — fonts, photos, music licences, templates.
- Bad debt — unpaid invoices you've genuinely given up on.
The proof problem (and how to solve it)
Tax authorities don't want a bank statement — they want a receipt that names the supplier, the amount, the date, and what you bought. The simplest system: snap a photo of every paper receipt the moment you get it, and forward every email receipt to a single tagged folder.
Using FoxIn for receipts
Open the expenses module, snap a photo, and FoxIn's AI extracts the merchant, amount, and date for you. Categorise it, and at tax time you can export the lot to your accountant.